New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-28

In comparing the volume 81 exchanges at the New
s;onGiug week o last year II bc noted hat The Trans
asfDns IN stocks ANA bond, AT the Ncwlo stock TX
change less than one hall those OF the week of
1856: they smaller than In the week of lssj
but the Nciangc, were $40 i,GJO.ooO greater
and Inc stocks sold at the New York stock Exchange
The weeks Of three years compare rs follows:
E1clanses Si37 1850 sJs5.7i l.94s Sal $50 sa5
80 sIAres sol IT,. I,795.9CO 2.GG1.16' l.il+.7j2
The local monetary situation during the last week
not materially changed The average rac for call loans
has ruled at per cent the extreme rates were and
none e' at The Stock Excharo has Teen materially
lessencd by the borowng OF large amounts on time TO
causes which would prevent any sringcncy pending the
April settlements As we have already shown the Treas,
my Last week added To the general clicuato1 OF cS.
money Al ,jOuOUO; III the last Two weeks such an add-
liou has amounted TO $i.5oOoOo Inc banks are IN
strong position and within two weeks oi c period whcn
their reserve. II all former prccclchts are not
violated win begin 70 increase ara continue to
which is going around that two Of the National
associated banks while strictly true III one sense, is III
correct In differences There IN the Clearing House
10 the National law. and neither OF which seldom carries
a reserve equal to twenty per cent OF It's deposits and in
times of activity the Of those banks Will run
down 10 10 per cont In making up the statement OF
surplus the rule Is applied to all Including the
eighteen State banks Therefore, 1t might he true that
The Chemical or some other bank was carrying
surplus greater than the total Of the whole Clearing
also be carrying considerable surplus over the legal
such pr"cSa %i5 bo the Som 4sS M nSS
further of money will he sent and that the
next bank statement show further loss of money,
but Oh April the quarterly interest the per cent
bonds natures amounting to T'.sO.O0O and in the fol
lowing week IL reasonable 10 expect the beginning OF
the return from the East and nearby in
terror The easier feeling in regard 10 money stimulated
tho demand for foreign exchange and as consequence
rates advanced propotonaely for long than
for short bills Of tho bank OF Engands reduction
OF interest rate To per cont AT the coso actual bust
dono the basis OF 81 50 and 81 S7il re-
epe:tively for long and short sterling
Trade reports or the past week are generally OF tho
encouraging character which before have been
noted Speculation In wheat has been irregular and de-
pressed but the exports OF wheat and flour for the week
will prove TO be up to the full average The cotton mar
kct has been stimulated by the foreign adyces and the
price for spot marks an advance OF cent but THIS dd
check the export movement which for the week end
ed Friday amounted to 109.S55 bales, against 6l7o9
bales for the corresponding week OF last year Tho coal
and trades remain In the satisfactory oondlon
10 which they attained some months ago.
At the Stock Exchange another dull but not unfnerest
ing passed United States bonds were In better
demand at some advance in quotations but the business
transacted principally tho board In state
bonds feature OF the week the activity In and sharp
business In railway bonds. although better distributed
than heretofore. in the aggregate small firm tone
through all the dealings and In some OF the South.
western low priced bonds there special activity and
higher prices But with Government bonds the prnr
cpa business in railways during the weoT was trans
acted by syndcates controlling new Issues which have
not yst been listed They general: report Deter de-
The transactions in stocks aggregated only 114so2
shares which Is 500 shares smaller than the sales OF
the preceding week. 1t IL cheering indication, how
aver, that toward the end OF the week there